Will “Broker Associate” be Replaced By Robots? 🤔

Job Description

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

Job Details

• The SOC (Standard Occupational Classification) code is 41-9021.00
• The Mean Annual Wage in the U.S. is $ 79,340.00
• The Mean Hourly Wage is $ 38.00
• Currently, there are 40,850 people on this job

☝️ Information based on the reference occupation “Real Estate Brokers”.

Also Known As…

• Real Estate Brokers
• Supervising Broker
• Realtor
• Real Estate Sales Associate
• Real Estate Broker
• Real Estate Associate
• Managing Broker
• Designated Broker
• Broker Assistant
• Broker
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker
• Broker Associate

Tasks for “Broker Associate”

• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Sell, for a fee, real estate owned by others.
• Review property details to ensure that environmental regulations are met.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Arrange for title searches of properties being sold.
• Appraise property values, assessing income potential when relevant.
• Supervise agents who handle real estate transactions.
• Arrange for financing of property purchases.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Rent properties or manage rental properties.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Develop, sell, or lease property used for industry or manufacturing.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Manage or operate real estate offices, handling associated business details.
• Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.

Related Technology & Tools

• Laptop computers
• Photocopying equipment
• Computer laser printers
• Passenger vehicles
• Digital cameras
• Laser facsimile machines
• Personal digital assistants PDA
• Personal computers
• Handheld calculators
• Desktop computers
• Digital video cameras
• Measuring tapes

• Microsoft Word
• RealData REIA
• PropertyBoss Solutions PropertyBoss
• Showing Suite
• Property Boulevard
• AppFolio Property Manager
• Intuit QuickBooks
• Lease Cost Solutions LseMod
• Yardi Systems Yardi Voyager Commercial
• Web browser software
• Adobe Systems Adobe Photoshop
• Microsoft Excel
• Microsoft Office
• Real Estate Assistant REA
• Microsoft Internet Explorer
• Real estate listing databases
• Microsoft Outlook
• Visual Lease
• Microsoft PowerPoint
• London Computer Systems Rent Manager
• Deep Forest Systems OnCite
• Domin-8 Enterprise Solutions Tenant Pro
• Google Earth Pro
• Enterprise Software Systems CRE Sync
• Property records databases
• Customer relationship management CRM software
• AMTdirect
• Propertyware
• First American CoreLogic RealQuest Pro